Committed to You, Your Family & Your Farm

 

Over the last 20+ years, Shannon has specialized in providing wealth management advice to farm families in the Burford and Paris communities. Having married into a farm family in 1997, Shannon quickly learned that regardless of what was else happening, the cows needed to be milked! In fact, one of Shannon's favourite pictures of her wedding is that of her and her husband with her brother-in-law as he quickly dashed off to do chores in between the ceremony and reception. Shannon truly understands the complexities involved in running and transitioning a family farm! She works closely with Commercial Agriculture partners to understand client's unique goals and objectives to help them create a plan to manage their farm operation today while planning for their future. Boakes Wealth Management is committed to you and the success of your farm!

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Business Owner Planning

Tailored advice on structuring your business for tax efficiency, including:

  • Incorporation Benefits: Learn how incorporation can provide tax deferral, enable income splitting, and facilitate estate freezes to protect your wealth for future generations.
  • Business Valuation: Gain insight into your business's value with asset vs. income-based valuations, and prepare for transitions like sales or buy/sell agreements.
  • Compensation Planning: Structure your compensation in a way that balances your personal and business tax needs, ensuring long-term tax efficiency and wealth protection.
  • Holding Companies: Protect your business and personal assets by understanding how a holding company can be used to shelter wealth and optimize your financial structure.

 

Succession & Legacy Planning

Ensure the long-term success of your business with a well-thought-out succession plan:

  • Family Succession: We guide you through conversations with family members, ensuring a fair and transparent transition that aligns with your vision and minimizes family disputes.
  • Tax Strategies: Prepare for the future with tax-efficient solutions that protect your wealth and limit liabilities during the transition.
  • Business Continuity: Secure the future of your business by identifying leadership, updating shareholders’ agreements, and planning for unexpected events such as illness or death.
  • Farm Succession: Our specialized farm succession planning focuses on maintaining family unity, securing financial stability, and ensuring your farm’s legacy endures for future generations.

 

Committed to you, your family & your farm

We offer specialized planning for farm owners, ensuring the future of your business and family:

How do you maximize the lifetime capital gains exception? 

Tax-efficient strategies to transition to the next generation?  

Is incorporating your farm right for you?  

Securing Your Farm’s Future with Trusted Financial Guidance

 

Growing your future: Boakes Wealth Management playbook provides practical guidance for farmers and business owners on managing wealth, planning for succession, and ensuring financial stability. It shares real-life examples and insights from Shannon Boakes and her team, addressing the unique challenges of farm transitions, tax considerations, and preserving family legacies. This resource offers valuable tools to help you navigate financial decisions and plan for the future with confidence.

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Let's connect over coffee!

 

Whether you have questions, feedback, or just want to chat, we're here for you – reach out, and let's make virtual coffee dates a delightful reality

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